An investment in bitcoin has cost the chair of the Senate banking committee 28 percent in eight months. Senator Irving Gerstein invested $100 in the pseudo-currency as his committee opened hearings on bitcoin last April 9: “There goes dinner”.
Bill C-525 Hits Snag In Senate
Senators are consulting legal advisers on whether a bill to “weaken unions” is technically flawed and may stall before passage. Supporters had sought quick approval of Bill C-525, a private Conservative measure that would make it easier to decertify unions: “There is a real problem”.
Cellphone Risks Cited In Bill
Cellphones would carry mandatory health labels under a private Conservative bill introduced in the Commons. The proposal follows petitions from a group Canadians For Safe Technology to restrict public exposure to microwave radiation: “Better safe than sorry”.
CBC Chair Curses Land Costs
CBC in hindsight regrets spending millions on large office complexes including its landmark Toronto Broadcast Centre, says the chairman of the board. Rémi Racine said the Crown broadcaster faces substantial expenses on bricks and mortar amid declining revenues: “You feel that we’re big and not efficient”.
Auto Repair Case Hits Brakes
The Supreme Court has sidestepped an appeal by an unhappy motorist who alleged mechanics conspired to make expensive, pointless auto repairs. Justices declined to hear the case of a Mercedes-Benz driver stuck with a $120,000 roadster that had squeaky brakes: ‘These guys all agreed amongst themselves to work me over’.
Loan Plan Didn’t Create Jobs
A federal loan guarantee scheme for small business did not result in any “significant” job creation over the past five years, says Industry Canada. A department review concluded the program’s impact was likely skewed by the recession: “Our question is whether banks are actually offering it”.
Canada Reveals iPhone Probe
Apple Canada Inc. is targeted in a federal probe over its iPhone sales agreements with wireless providers. In court filings, the anti-trust Competition Bureau alleged iPhone contracts with wholesalers may “increase the price Canadian consumers have paid” for the handset devices. Apple privately expressed concern over the “unnecessarily aggressive” demand for company records by federal investigators: “I have nothing to say”.
MPs Defeat Truck Safety Bill
The Commons has killed a bill to mandate safety side guards on heavy trucks. Transport Canada earlier spent thousands of dollars studying the proposal credited with saving lives of bicyclists and pedestrians: “We should ask ourselves the next time there is a death”.
Corp. Liability Case In Court
The Supreme Court today will hear a key dispute over offshore environmental compensation involving the Canadian subsidiary of Chevron Corp. Residents in Ecuador filed claims in both Canadian and U.S. courts seeking enforcement of an $18 billion judgment overseas: “You’re going to see more of this”.
Farmers Question Grain Bill
A surprise bill to expand powers of the Canadian Grain Commission is raising fears of a fee grab. Cabinet introduced the bill in the dying days of the Commons sitting as MPs prepared to break for holidays: “We need a lot more information”.
Mixed Reviews On Canada
Many immigrants face a harsh adjustment to 21st century Canadian life, says a federal report. Statistics Canada cited low-paying jobs and urban challenges as cause for low “life satisfaction” among many newcomers: ‘Professional people want to go back home’.
‘Name And Shame’ Bill Omits Canadian-U.S. Price Controls
A long-promised cabinet bill to curb alleged cross-border gouging by retailers instead relegates federal investigators to the role of price checkers, say critics. Industry Canada yesterday introduced the legislation promised ten months ago: “They better have some sort of explanation”.
Gov’t Is Faulted In Fuel Probe
Inadequate statistics and poor forecasting by federal regulators were factors in last winter’s surprise spike in propane prices, according to testimony at a Commons hearing. Producers said they relied on inadequate data from the National Energy Board in adjusting supply to meet demand: “They were wrong”.
MPs Questioning Prison Bill
A bill granting cabinet broad powers to rewrite regulations affecting federal prisoners has passed Second Reading. Public Safety Canada headlined the bill as a measure to combat drugs, though MPs agreed it gives wardens and Parole Board officials no authority they don’t already have: “Does anyone think this will be effective?”
Say Quota Turkey’s Cheaper
Canadians pay less for turkey under farm quotas than Americans pay under free marketing, say producers. Proponents of supply management appealed to the Senate agriculture committee to support the quota system amid criticism it restricts trade: “There are some misconceptions”.



